HBD is a very undervalued asset because the peg isn't stable enough.
IMO we really need to let people create HBD just like you can create DAI using Ethereum and MakerDAO smart-contracts.
Basically you'd just be able to create HBD out of thin air if you had collateral in your bank account, but then you wouldn't be able to withdraw that collateral until you pay back the loan you took out.
This would increase the peg of HBD by a huge factor.
It would also lock up a bunch of liquid coins in DeFi contracts and theoretically increase the price of Hive.
My thought was to set up an account that let you send it hive and it return hbd, or vice versa, but they say there is an attack that the small market cap allows to be too cheap to do that without somebody being tempted to attack it.
Same reason conversion is only one way.
Now that stinc isn't running anything, I guess we can do whatever the consensus says.
Bring on the experiments.
We can probably test out a centralized token that does the same thing pretty easy. Wouldn't have to ask permission to implement it.
Who wants a centralized token?
No one... but if someone prototypes the functionality and shows how well it works the witnesses have a way higher chance of merging the code into Hive.
I see, so, yes, sounds excellent, to me.
I wonder what that costs in devland?
It would make a good proposal, but probably have to have the dev on the hook first.